The Rules of Accounting Generally Require That ________ Costs Be

question 77

Multiple Choice

The rules of accounting generally require that ________ costs be used for purposes of keeping a company's financial records and for paying taxes.These costs are sometimes called ________ costs.

• A)economic; legal
• B)real; explicit
• C)total; economic
• D)explicit; accounting

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Definitions:

Obesity

A medical condition characterized by excessive body fat accumulation, which poses a risk to health.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Prediction

The act of forecasting or determining the likelihood of future events or outcomes based on current or past data.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing being explained.